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Firm Size And R&D; Testing The Schumpeterian Hypothesis, Melissa Goodwin
Firm Size And R&D; Testing The Schumpeterian Hypothesis, Melissa Goodwin
University Avenue Undergraduate Journal of Economics
This paper aims solely to look at the question of R&D, research and development, expenditure. More specifically, this paper asks the question, "What is the relationship between the size of the firm and R&D? And do larger firms spend more on R&D relative to their size than smaller firms?" The answers to these questions have important implications concerning a firm's incentives for growth and innovation. These answers will also put us a step closer to understanding the functions performed by firms as Coase suggests.
An Economic Analysis Of The Death Penalty, Martin Kasten
An Economic Analysis Of The Death Penalty, Martin Kasten
University Avenue Undergraduate Journal of Economics
From an economic perspective, society should only use capital punishment if the marginal benefits outweigh the marginal costs. In the course of analyzing the economic efficiency of capital punishment, and before providing any recommendations, both the benefits and costs of the death penalty must be evaluated. Since the death penalty has been implemented for centuries, many people believe its benefits outweigh its costs. The evaluation of benefits in Part II will be compared to the costs assessed in Part III to determine if this long held assertion is correct.